What should I do regarding advice from advisors before signing the Afuri Ramen Dumpling franchise agreement?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
All individuals who will sign the franchise agreement must sign this acknowledgment. If the franchise agreement will also be executed by a corporation or limited liability company, an officer or owner authorized to receive this disclosure document on behalf of the corporation or limited liability company must execute this acknowledgment. If the franchise agreement will be executed by a partnership, then all general partners must execute this acknowledgment as general partners and as individuals. KEEP THIS COPY FOR YOUR RECORDS.
RECEIPT AFURI FRANCHISE INC.
This franchise disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully. If AFURI FRANCHISE INC. offers you a franchise, it must provide this franchise disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. New York and Rhode Island law require delivery at the earlier of the first personal meeting or at least 10 business days, and Michigan and Wisconsin law require delivery at least 10 business days, before signing/paying.
If AFURI FRANCHISE INC. does not deliver this franchise disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and State law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agency listed in Exhibit C.
The name, principal business address, and telephone number of each franchise seller offering the franchise are: Taichi Ishizuki, CEO, and Hiroto Nakamura, Director,
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the document summarizes certain provisions of the franchise agreement and other information in plain language. Prospective franchisees are urged to carefully read the disclosure document and all agreements. Afuri Ramen Dumpling must provide the Franchise Disclosure Document to you 14 calendar days before you sign a binding agreement with them or make a payment to the franchisor or an affiliate in connection with the proposed franchise sale. New York and Rhode Island law require delivery at the earlier of the first personal meeting or at least 10 business days, and Michigan and Wisconsin law require delivery at least 10 business days, before signing/paying.
If Afuri Ramen Dumpling does not deliver the franchise disclosure document on time, or if it contains a false or misleading statement, or a material omission, a violation of federal and State law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agency listed in Exhibit C.
All individuals who will sign the franchise agreement must sign the acknowledgment form. If the franchise agreement will also be executed by a corporation or limited liability company, an officer or owner authorized to receive this disclosure document on behalf of the corporation or limited liability company must execute this acknowledgment. If the franchise agreement will be executed by a partnership, then all general partners must execute this acknowledgment as general partners and as individuals. It is recommended to keep a copy of the acknowledgement for your records.